#essarcorruption
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Adani Energy Solutions completes acquisition of Essarโs Operational Mahan-Sipat Transmission assets
Adani Energy Solutions Ltd (AESL), the largest private transmission and distribution company in India with a growing smart metering portfolio, has acquired 100% stake in Essar Transco Limited after obtaining requisite regulatory and other approvals for an Enterprise Value of INR 1,900 crores. The share acquisition is pursuant to definitive agreements signed in June, 2022.
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CBI doesnโt charge Essar with corruption in the 2G scam
The Central Bureau of Investigations (CBI) on Monday finally filed its third chargesheet in the 2G spectrum scam against the Essar Group and Loop Telecom but did not charge the group with corruption or detail any government officialโs involvement.
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The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group.
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